Korea and France Hard on Ladies
According to the BBC, there turns out to have been a man in the South Korean scandal, Ko Young-tae, 40, a handsome fencing champion and fashion designer. Ko became buddies with the president's guru and bagwoman, Choi Soon-sil, 60 who helped promote his Villomillo brand posh handbags by giving them to the president. Then the couple broke up in a dispute over the corrupt confidant's daughter's puppy which Ko left alone in his apartment while he went to play golf. After she berated him he decided to go public with the press over Choi's hold on President Park Geun-hye, who was impeached today.
If this is maintained by the Korean Supremes in the next 180 days, she will have to leave office and be replaced by Prime Minister Hwang Kyo-ahn, another toy boy, until elections can be held.
Pres. Park is not the only powerful lady under pressure today. International Monetary Fund managing director Christine Lagarde is due to face trial by a special French court over her role in arranging for payment to Bernard Tapie—a sort of French Trump who also combined TV and politics. Tapie sued the government over the nationalized Crédit Lyonnais under-valuing his stake in sneaker-maker Addidas which the bank then resold for much more than it paid him. Mme Lagarde authorized a payment of euros 400 mn to Tapie when whe was French Finance Minister under Nicolas Sarkozy, before she was parachuted to the IMF to replace a notorious French sex fiend and groper, Dominique Strauss-Kahn, with a safe female pair of hands which are still French.
More for stocks from north and south (Canada and Mexico), east (Denmark, The Netherlands, Sweden, Britain, and Ireland) and west (Japan and India. Note that the Trump boomlet has now spread to foreign markets. Most of the news is American, however, which goes to show that we live in an integrated global market.